Johnson Controls and Tyco enter definitive merger agreement

Johnson Controls and Tyco announced a definitive merger to create a leading provider of HVAC, controls, fire, security and power solutions, with Johnson Controls shareholders owning ~56% and receiving ~$3.9 billion in aggregate cash consideration.

“MILWAUKEE and CORK, Ireland — Johnson Controls and Tyco today announced that they have entered into a definitive merger agreement under which Johnson Controls, a global multi-industrial company, will combine with Tyco, a global fire and security provider, to create a leading provider of HVAC, controls, fire, security, and power solutions.”

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